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US and Qatari investors in bid for F1?
It is understood that a joint bid by American and Qatari investors could see CVC sell its stake in F1. The bid involves Qatar Sports Investments and RSE Ventures, the company founded by billionaire Stephen Ross, owner of, amongst other things, the Miami Dolphins. The bid, which it is reported could would be worth up to £5bn would be for CVC's 35.5% stake in F1, the money the private equity fund having reaped from F1 over the years having been described as one of the most profitable acquisitions in business history. The new deal would see Bernie Ecclestone sell his 5% stake in F1 but it is believed the potential new owners would want to retain the services of the Briton. Bernie...
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10y ago from Pitpass.com
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